OPEC renews its forecast on oil production in Russia in 2016 to 10.98 mln barrels per day

In its June report, OPEC improved the forecast of oil production in Russia in 2016 by 0.12 million barrels per day. The cartel published the report on June 13, 2016. 

Based on the document, OPEC changed its April forecast. So, in the new forecast, the oil production in Russia in 2016 will grow by 0.13 million barrels per day to 10.94 million barrels per day.

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